The company has applied for relevant patent rights and has reached its intended use, so it should be transferred to intangible assets in March. The cost of internally developed intangible assets only includes the total expenditure incurred from the time when the capitalization conditions are met to before the intangible assets reaches its intended use.
Intangible Assets refer to identifiable non-monetary assets that have no physical form and are owned or controlled by an enterprise. Intangible assets can be divided into broad and narrow senses. Intangible assets in a broad sense include monetary funds, accounts receivable, financial assets, long-term equity investments, patent rights, trademark rights, etc., because they do not have physical entities, but are expressed as certain legal rights. or technology. However, in accounting, intangible assets are usually understood in a narrow sense, that is, patent rights, trademark rights, etc. are called intangible assets.
Extended information:
Intangible assets include social intangible assets and natural intangible assets. Social intangible assets usually include patent rights, non-patented technologies, trademark rights, copyrights, franchises, and land. Rights of use, etc.; natural intangible assets include natural gas and other natural resources that do not have physical physical form, etc.
1. Patent rights: refers to the legal period granted by the national patent authority to the applicant for an invention and creation patent for his or her invention and creation. The exclusive rights enjoyed within the company include invention patent rights, utility model patent rights and design patent rights.
2. Non-patented technology: also known as proprietary technology, refers to various technologies that are not known to the outside world, should be used in production and business activities, do not enjoy legal protection, and can bring economic benefits. technologies and know-how.
3. Trademark rights: refers to the right to use a specific name or pattern exclusively on a specified type of goods or products.
4. Copyright: Producers enjoy certain special rights in accordance with the law over the literary, scientific and artistic works they create.
5. Franchise: Also known as operating franchise or franchise, it refers to the right of an enterprise to operate or sell a specific product in a certain area or an enterprise to accept the use of its trademark or trade name by another enterprise. rights to technical secrets, etc.
6. Land use rights: refers to the state allowing an enterprise to enjoy the right to develop, utilize and operate state-owned land within a certain period of time.
7. Business secrets.